Quantchabot has detected a new Bull Call Spread trade opportunity for PRIMO BRANDS CORP (PRMB) for the 17-Apr-2025 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PRMB was recently trading at $35.09 and has an implied volatility of 37.42% for this period. Based on an analysis of the options available for PRMB expiring on 17-Apr-2025, there is a 34.25% likelihood that the underlying will close within the analyzed range of $35.16-$38.08 at expiration. In this scenario, the average linear return for the trade would be 10.51%.
52 week high: PRIMO BRANDS CORP recently reached a new 52-week high at $35.60. PRMB had traded in the range $17.27-$35.39 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if PRMB maintains its current direction and does not revert back to pricing on the bearish side of $35.09 on 17-Apr-2025. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if PRIMO BRANDS CORP closes at or above $35.05 on 17-Apr-2025. Based on our risk-neutral analysis, there is a 51.59% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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